Your statements about the store closures are ludicrous. Their flagship stores are much larger than the regional stores. The reduction in sales was worse than expected. Not better than expected.
Their gross margins are much lower than previous years yet you celebrate them.
You are also celebrating a profit warning based on extremely low sales. You also ignore all anecdotal evidence that noone is shopping there anymore (if you had a shot for every Myer bag you saw in Martin Place you would go home sober)
Why the dishonesty? The death of Myer is very sad, but it is a reality.
MYR Price at posting:
63.8¢ Sentiment: Sell Disclosure: Not Held
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